Regardless of whether you are a family man or a working entrepreneur: the purchase of a new or used car becomes relevant when it comes to increased mobility of yourself or your family. The vehicle should not only transport from A to B, but also keep the financial burden as low as possible in times of rising oil prices. In most cases, the new or used car cannot be financed out of your own pocket without great effort and only after a long saving period. That is why motor vehicle installment loans are particularly popular.
Increase mobility with the car installment loan
With regard to vehicle financing, a distinction can be made between independent and manufacturer-linked lending. Manufacturer-linked loans are granted by car dealers or manufacturers who lure their customers with special special discounts. This contrasts with the independent credit institutions, which do not offer the consumer any special benefits, but do allow the cash payer discount to be used.
Indeed, independent credit institutions are regularly characterized by faster processing of loan applications. Accordingly, the customer has the opportunity to act as a cash payer towards the car dealer. On this basis, advantageous price discounts can be agreed for the borrower.
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When car dealers advertise the car installment loan with favorable terms
It is not uncommon for car dealers or manufacturers to advertise with particularly favorable loan terms. However, these can usually only be realized if the customer buys a special vehicle model with a certain equipment. The individual wishes of the consumer move into the background and are restricted by actions or fixed requirements.
Bring personal ideas to the fore
The decision for a specific car installment loan depends largely on the individual ideas of the borrower. It can therefore be worthwhile for one consumer to forego the cash payer discount and instead to accept the special requirements of the car dealer. With the vehicle price and the car installment loan conditions, the lenders create essential decision criteria that the consumer should compare exactly and weigh up against each other.